Edinburgh Investment (LON:EDIN) Hits New 12-Month High – Still a Buy?

Edinburgh Investment (LON:EDIN – Get Free Report)’s stock price hit a new 52-week high during trading on Monday. The stock traded as high as GBX 865 and last traded at GBX 862.20, with a volume of 3,312,570 shares traded. The stock had previously closed at GBX 857.

Edinburgh Investment Trading Up 0.6%

The stock has a market capitalization of £1.06 billion, a PE ratio of 15.42 and a beta of 0.98. The company has a quick ratio of 3.88, a current ratio of 4.21 and a debt-to-equity ratio of 11.33. The business’s 50-day moving average is GBX 841.72 and its two-hundred day moving average is GBX 820.62.

About Edinburgh Investment

(Get Free Report)

Edinburgh Investment Trust offers exposure primarily to UK-listed equities. It may also hold up to 20% of assets in equities listed overseas. The Company invests primarily in UK securities with the long term objective of achieving: 1. An increase of the Net Asset Value per share in excess of the growth in the FTSE All-Share Index; and 2. Growth in dividends per share in excess of the rate of UK inflation. It is managed by Imran Sattar, with Emily Barnard being the Deputy Manager. He constructs a high conviction portfolio of c.40 holdings based on fundamental company research.

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